NEX Data launches the EBS FX Benchmarks


FX settlement
New benchmarks ensure regular, accurate and reliable price information for all major currency pairs

NEX Data, a NEX Group (LON:NXG) business which delivers independent market intelligence and price information for OTC data, announced today the launch of the ‘EBS FX Benchmarks’, a series of 30-minute FX fixings.

The new fixings went live on 26 July 2017 and enhance the variety of global benchmarks available, bringing increased transparency to all FX market participants.

The EBS FX Benchmarks are based on actual transactions and orders during the ten minute fixing window on NEX Markets’ EBS FX central limit order book. The fixings are published 24 hours a day, five days a week and include the full list of core EBS currencies (see list below). This ensures that the rates are the most reliable and transparent available to the market.

The new FX Fixings use methodology consistent with the IOSCO Principles for Financial Benchmarks.

The launch of the EBS FX Benchmarks reflect NEX Data’s efforts to continue to bring better, faster data and improved transparency to the FX markets. In recent months, significant new indices have already been launched including the EBS Chinese yuan (CNH) and Japanese yen (JPY) benchmarks and the Dutch, Belgian, German, French, Italian, Spanish and pan-European RepoFunds Rate indices.

Kevin Taylor, NEX

Kevin Taylor, Managing Director of NEX Data, said:

EBS is a leading electronic venue for many of the world’s most important currency pairs. Combining EBS data with NEX Data’s technical expertise, ensures that our indices are the most robust and accurate in the market and provide clients with greater transparency.

The EBS FX Benchmarks will include the following currency pairs:

  • USD/CNH
    USD/JPY
    USD/RUB
    USD/CHF
  • EUR/USD
    EUR/CNH
    EUR/JPY
    EUR/RUB
    EUR/CHF
  • CNH/JPY
    CNH/RUB
    CHF/CNH
    RUB/JPY
    CHF/JPY
    CHF/RUB

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